Westpac Banking Corp Purchases New Position in Dollar Tree, Inc. $DLTR

Westpac Banking Corp acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 55,295 shares of the company’s stock, valued at approximately $6,365,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DLTR. Cullen Frost Bankers Inc. purchased a new stake in shares of Dollar Tree in the fourth quarter worth about $25,000. Reflection Asset Management purchased a new stake in shares of Dollar Tree during the 4th quarter valued at about $25,000. Covestor Ltd raised its holdings in shares of Dollar Tree by 60.9% during the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock valued at $27,000 after buying an additional 84 shares during the period. Basecamp Wealth Advisors LLC lifted its position in Dollar Tree by 59.9% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 259 shares of the company’s stock worth $28,000 after acquiring an additional 97 shares in the last quarter. Finally, Wilkerson Advisory Group LLC lifted its position in Dollar Tree by 80.1% during the 1st quarter. Wilkerson Advisory Group LLC now owns 263 shares of the company’s stock worth $29,000 after acquiring an additional 117 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Up 2.4%

DLTR stock opened at $131.48 on Friday. The firm has a market cap of $25.27 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 1.47 and a beta of 0.64. Dollar Tree, Inc. has a 1-year low of $84.71 and a 1-year high of $142.40. The firm has a fifty day moving average price of $123.93 and a two-hundred day moving average price of $114.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.16 and a quick ratio of 0.39.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.21. Dollar Tree had a net margin of 6.51% and a return on equity of 35.19%. The company had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same period last year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. Research analysts predict that Dollar Tree, Inc. will post 7 EPS for the current year.

Dollar Tree declared that its Board of Directors has approved a share buyback plan on Thursday, July 2nd that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Sanford C. Bernstein increased their price objective on shares of Dollar Tree from $124.00 to $127.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. BNP Paribas Exane boosted their target price on shares of Dollar Tree from $88.00 to $98.00 and gave the stock an “underperform” rating in a research report on Friday, May 29th. Bank of America reissued an “underperform” rating on shares of Dollar Tree in a research report on Thursday, May 28th. The Goldman Sachs Group downgraded shares of Dollar Tree from a “neutral” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, Evercore raised shares of Dollar Tree from a “hold” rating to an “outperform” rating in a report on Wednesday, July 8th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $123.41.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.